IPC CORPORATION LTD
(Company Registration Number: 198501057M)
RESIGNATION OF INDEPENDENT DIRECTOR AND CHANGES IN COMPOSITION OF BOARD AND BOARD COMMITTEES
The Board of Directors (the "Board") of IPC Corporation Ltd (the "Company") wishes to announce the following:
(A) RESIGNATION OF INDEPENDENT DIRECTOR
Mr Lee Soo Hoon Phillip ("Mr Lee") will resign as an Independent Director of the Company with effect from 1 August 2018.
Mr Lee will accordingly relinquish his position as Chairman of the Audit Committee and a member of the Remuneration Committee and Nominating Committee respectively.
The Board wishes to record its appreciation to Mr Lee for his contributions to the Company.
(B) CHANGES IN COMPOSITION OF BOARD AND BOARD COMMITTEES
Consequent to the resignation of Mr Lee, the composition of the Board and Board Committees of the Company with effect from 1 August 2018 are as follows:
Board of Directors
Ngiam Mia Je Patrick - Board Chairman and Chief Executive Officer
Ngiam Mia Kiat Benjamin - Managing Director
Lauw Hui Kian - Executive Director
Ngiam Mia Hai Bernard - Executive Director
Ngiam Mia Hong Alfred - Executive Director
Lien Kait Long - Lead Independent Director
Teo Kiang Kok - Independent Director
Dato' Dr Choo Yeow Ming - Independent Director
IPC Corporation Ltd
Resignation of ID and Changes in Composition of Board and Board Committees
Page 2
Audit Committee
Lien Kait Long - Chairman, Lead Independent Director
Teo Kiang Kok - Member, Independent Director
Dato' Dr Choo Yeow Ming - Member, Independent Director
Nominating Committee
Dato' Dr Choo Yeow Ming - Chairman, Independent Director
Lien Kait Long - Member, Lead Independent Director
Teo Kiang Kok - Member, Independent Director
Ngiam Mia Je Patrick - Member, Board Chairman and Chief Executive Officer (Alternate - Ngiam Mia Kiat Benjamin)
Remuneration Committee
Teo Kiang Kok - Chairman, Independent Director
Lien Kait Long - Member, Lead Independent Director
Dato' Dr Choo Yeow Ming - Member, Independent Director
On Behalf of the Board
Lauw Hui Kian Director
1 August 2018